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The big data healthcare market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 21%, as per The Business Research Company’s market report!

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The Big Data Healthcare Market Size In 2022 And Forecast
The global big data healthcare market is expected to grow from $18.26 billion in 2021 to $20.27 billion in 2022 at a compound annual growth rate (CAGR) of 11.02%. The global big data healthcare market size is expected to reach $44.53 billion in 2026 at a compound annual growth rate (CAGR) of 21.75%.

The big data healthcare market consists of the sale of big data analytics solutions for the healthcare industry by entities (organizations, sole traders, and partnerships) that help organizations to make informed decisions and optimize healthcare management through the use of big data solutions.

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Adoption Of Healthcare Information Systems Is Driving The Growth Of The Big Data Healthcare Market
According to the 2019 National Electronic Health Records Survey, in the USA, the percentage of doctors who practice in offices that use electronic medical records or electronic hospital records (EMR/EHR) is 89.9%, and the percentage of office-based doctors using an EMR/EHR system that has been certified is 72.3%. Increasing the adoption of healthcare information systems will drive the need for big data healthcare.

Competitive Landscape And The Regional Analysis Of The Big Data Healthcare Market
Major players in the big data healthcare market are McKesson Corporation, Cognizant Technology Solutions Corporation, Epic Systems Corporation, Cerner Corporation, Dell Inc, GE Healthcare, Optum Inc, Siemens AG, Koninklijke Philips NV, Xerox Holdings Corporation, Allcripts Healthcare Solutions Inc, International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, and Hewlett-Packard Company.

Additionally, as per TBRC’s research – North America was the largest region in the big data healthcare market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Big Data Healthcare Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the big data healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the big data healthcare market.

Technological Advancement – A Key Trend In The Big Data Healthcare Market
Many companies operating in big data healthcare are developing new products or technologies to strengthen their position in the market.

Big Data Healthcare Market Segmentation By The Business Research Company

1) By Component: Software, Services

2) By Deployment: On-Premise, Cloud

3) By Analytics Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics

4) By Application: Financial Analytics, Clinical Data Analytics, Operational Analytics, Population Health Analytics

5) By End User: Hospitals and Clinics, Finance and Insurance Agents, Research Organization

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